Lloyds Banking Group puts aside £450m to deal with FCA investigation into motor finance Cars that aren’t Ulez-compliant set to be sent to Ukraine under scrappage scheme Genesis keen to boost brand and launches search for more dealers to add to fledgling network Fiat calls on government to reinstate plug-in car grant to boost EV demand These are the exciting new car brands that should be on your radar now The undesirables: Meet the used cars that took the longest to sell in 2023 --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message

Carwow buys car magazines Auto Express and Evo for undisclosed sum Close Brothers shares tumble as it scraps dividend amid fears over motor finance claims D.M. Keith snaps up Suzuki heavyweight dealer group Colin Appleyard JLR’s lead times become ‘far more acceptable’ as supply woes ease, says boss Selling Supercars: Meet the team behind supercar dealer Alexanders Prestige UK slides into recession after output shrinks more than expected, according to ONS Tax shake-up to close loophole for double cab pick-up trucks and could see fall in demand Kia XCeed named fastest selling used car in the UK as Vauxhall Crossland proves harder to shift --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message

Martin Lewis’s car finance complaint tool receives 262,500 inquiries in opening days Financial incentives are needed NOW to boost new and used electric car demand Trading Standards clamp down on used car dealers’ ‘unfair’ admin fees Google to take wraps off its Vehicle Ads solution for motor trade at Car Dealer Live Gap insurers agree to suspend sales immediately after FCA voiced concerns Vertu Motors buys back 200,000 shares as car dealer remains a ‘sitting duck’ for investors --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message

Battleground: How will car makers hit tough 2024 EV targets? And do car buyers REALLY want electric cars? Honda boss on hitting electric car targets, used cars and what 2024 has in store for car dealers Shock as SUV Prestige is forced to close due to ‘difficult trading conditions’ for used car dealer Inchcape confirms it could offload all its UK dealerships but says a sale isn’t certain Used car prices drop just 0.1% in January as falls begin to level out – video update Group 1 set to axe about 10% of UK jobs in first three months of 2024 Tribunal rules in favour of used car dealer who ran into boss on unauthorised holiday Toyota CEO says sorry to car dealers, suppliers and customers for flawed tests of diesel engines Furious Jaguar Land Rover owners club together to push car maker to solve parts crisis Can you spot the small detail missing from this roadside Warrantywise advert? --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message

FCA ‘effectively banning’ car dealers from selling Gap Insurance from February Geneva Motor Show could appear in more countries, despite Qatar event controversy Which car manufacturers will and won’t be attending the Geneva Motor Show? Arnold Clark owner pays £78.3m tax bill as the largest car dealer tax payers are revealed Stellantis expands used car sales potential in UK with launch of Spoticar Direct service Sources say Lookers owners are fishing for fresh funds to refinance buy-out deal Used car supermarket Motorpoint issues profit warning after drop in prices UK revealed to be the most transparent country for people to buy a used car --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message

Trading Standards warns of dangers of buying from used car dealers posing as private sellers on Facebook Tesla and Volvo to halt European production after Red Sea shipping attacks by Houthi rebels Now Lookers ‘asks staff to work weekends and longer hours due to staff shortages’ Electric car price war expected this year as Chinese brands eye large slice of UK market by 2030 Single franchised car dealer enjoys another stellar year as it rakes in impressive £1.4m profit Used car dealers missing out on £30m due to underpricing vehicles on Auto Trader --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message

Used car dealer Cinch lost £181m in 2023 results reveal ZEV mandate comes into force prompting calls for EV incentives and better infrastructure Lookers staff at threat of redundancy claim car dealer group is ‘cutting corners’ Whistleblowers claim Jaguar Land Rover dealership ramps at ‘serious risk of collapse’ Successful Toyota dealership to pass into hands of employees as owners step down My reasons to be cheerful (and not) for the motor trade in 2024 --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message

Used car dealer Cazoo says it faces going under as it reveals new cash crisis Used car prices tumble again in December – but will begin to stabilise in 2024 JLR launches insurance product for Range Rover customers in face of rising thefts Could Lookers acquisition fall foul of Takeover Panel rules after wave of redundancies? SsangYong rebrands as KGM Motors in UK and adopts new global slogan Going, going, gone! Much-loved auctioneer to bring down gavel one last time --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message

Why do banks hate used car dealers so much? The AI Car Dealership Project Part 3 More redundancies looming at Lookers as business managers and sales teams now face cuts Now Christmas parties are ‘cancelled’ as car dealer Lookers axes even more staff Family business JCB Group agrees deal to buy Marshall Volkswagen site in Kent Car dealer group Sytner’s American parent company to buy Rybrook chain of showrooms Data shows Land Rover profit margins are booming for used car dealers How crashing used EV prices can teach all car dealers a lesson --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message

We got things wrong and for that I’m sorry – Stellantis boss opens up about mistakes and why it’s delaying agency sales yet again Comment: How new Stellantis boss handled horrible questions from car dealers Wheeler Dealer Mike Brewer’s top tips for my used car dealership powered by AI Outspoken Cazoo founder Alex Chesterman finally bows out of used car dealer No-haggle agency sales ‘underestimate’ value dealers bring to sales process – Suzuki UK boss CEO Mark Raban ‘stepping down’ at end of the year from car dealer Lookers Car dealer Lookers set for hundreds of redundancies as staff slam ‘disgraceful’ treatment Motors reports ‘stable’ month for used car market as customers snap up cheaper vehicles Auto Trader used car prices fall for third month in a row as EVs continue to struggle Car dealership worker given award for saving customer's life after showroom heart attack Viva Las Vegas! Packages available to be at Nada Show 2024 --- Send in a voice message: https://podcasters.spotify.com/pod/show/car-dealer-magazine/message